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G3 Global Bhd – Who Are Selling the Shares? (Mystery Remains)
Since the disposal of shares by Green Packet Bhd occurred, G3 Global Bhd share price had been on the low side as investors are alerted by the previous high volume of shares sold in the market.
As an aside, we are also seeing a high selling pressure at RM0.030 level.
However, over 4 weeks of observation, the total seller of 13.97 million had in fact reduced from an even larger number of ~30 million.
Given the low traded volume recently, it is obvious that some investors are absorbing the shares from the range of RM0.025 to RM0.030 level.
As to why is that happening, well, perhaps G3 Global Bhd will be showing good results in the next 2 weeks to come.
As to why is that happening, well, perhaps G3 Global Bhd will be showing good results in the next 2 weeks to come.
Nevertheless, currently G3 Global Bhd is still showing weaker trading signals, but once the block of RM0.030 cleared off, I think traders should really take a look into the company.
Cheers.
Disclaimer: The above content is purely personal opinion. All content sharing is only for learning and information purposes and is by no means professional financial and investment advice or trading advice. Please analyse and understand the risks by yourself and discuss with your professional financial advisor before any investment decision was made.
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